Future Farm Technologies Inc (CNSX:FFT) (OTCMKTS:FFRMF) Is Today's Focus

We first covered Future Farm Technologies Inc (CNSX:FFT) (OTCMKTS:FFRMF) when it was called Arcturus Growth Technologies Inc (OTCMKTS:AGSTF). The company completed the name and symbol change in Canada on February 2 and in the US on February 22. Shares have rallied all month off the $.20 support levels that the stock established back in January. The new name and symbol has so far ignited some new bullish enthusiasm and we're taking another look.First up, a little background on the company. Future Farm Technologies Inc says that it is developing and acquiring technologies that will position it as a leader in the evolution of Controlled Environment Agriculture (CEA) for the global production of various types of plants. Future Farm provides scalable, indoor CEA systems that utilize minimal land, water and energy regardless of climate, location or time of year and are customized to grow an abundance of crops close to consumers, therefore minimizing food miles and its impact to the environment.The Company holds an exclusive, worldwide license to use a patented vertical farming technology that, when compared to traditional plant production methods, generate yields up to 10 times greater per square foot of land. The contained system provides many other benefits including seed to sale security, scalability, consistency due to year-round production, cost control, product safety and purity by eliminating environmental variability.

Future Farm Technologies Inc is also in the business of designing and distributing LED lighting solutions utilizing the COB and MCOB technology. The Company is focused on delivering cost efficient lighting to North America via advanced e-commerce sites the Company owns and operates. LEDCanada.com which caters to B2B customers is a supplier of the newest and highest demand LED solutions. Future Farm also owns and operates COBGrowlights.com which caters to both large and small agriculture green houses and controlled cultivation centers.

Earlier this week, Future Farm entered into a management agreement with a California non-profit company. The non-profit has secured a sublicense to legally manufacture cannabis oil using a non-volatile method compliant under the Medical Marijuana Regulation And Safety Act in Southeastern Los Angeles County. The non-profit will produce highly pure cannabis concentrates to supply California's medical marijuana demand for both THC and CBD oil. The company will also focus on increasing inventory and capacity as California prepares to create a market for legal recreational cannabis. FFM Consulting Services LLC, which is majority owned by Future Farm Technologies, will manage the new state-of-the-art extraction facility. Future Farm CEO Bill Gildea said:

"We're thrilled to have reached this major milestone for our emerging company and excited to have the opportunity to manage this extraction facility as it allows us to showcase our ability to expertly manage the production of consistent and pure concentrates. Cannabis concentrates and edibles are the largest and fastest growing segments of the cannabis market. The market is accelerating as consumers become more educated on the various oil infused products that can be produced, as well as how well they work. As consumers become more educated, they grow more interested in using oil as a flower alternative."

Earlier this month, Future Farm closed on its previously announced definitive agreement to acquire a 15-acre parcel of land in Redland, Florida, in a county that is designated to legally cultivate, process and dispense cannabis. Redland is an unincorporated community within Miami-Dade County, with Biscayne National Park to the east and Everglades National Park to the west. Redland is primarily a Miami suburb and a major agricultural area. Miami-Dade County is referred to as the nation's "Salad Bowl" and "Winter Bread Basket."

With this acquisition, Future Farm has the potential, if fully licensed, to develop 15-acres of cannabis crops and is positioning itself to be a part of the Florida Cannabis market as it rolls out in 2017. If current state projections for the cannabis market size hold up to their $1.8B projection by 2020, Florida will have considerable demand for medical marijuana, even without factoring in the potential for recreational legislation.

Currently trading with a market cap of $20 million, Future Farm is an exciting story among small caps. The new name change is better reflective of the company's business plan and will help build its shareholder base. The company is also in the process of completing a C$1 million private placement, which will fund growth plans and allow for further acquisitions. In looking at the latest financials for the quarter ending November 30, the company had $917k in cash, $4.1m in assets, and just $295k in assets. Its monthly burn rate of just $85k proves the company is well-managed and is shareholder focused. This is hard to find in penny land and why we believe Future Farm is a solid pick among cannabis names.

We will be updating our subscribers as soon as we know more. For the latest updates on Future Farm Technologies Inc, sign up below!

Disclosure: We have no position in Future Farm Technologies Inc and have not been compensated for this article.